The antimicrobial coatings for medical devices market is segmented on the basis of type of material, device types, and regions. The global antimicrobial coatings for medical devices market is expected to grow at a CAGR of 14.2% from 2015 to 2020 to reach USD 1.17 Billion by 2020 from USD 0.61 Billion in 2015. Factors such as rising awareness about hospital-acquired infections, favorable research and funding environment, technological advancements in antimicrobial coatings, growing implantable devices market, increasing research and development activities for antimicrobial coated cardiovascular devices, high growth in geriatric population, and increasing burden of cardiovascular diseases across the globe are driving the growth of this market. Moreover, factors such as growing healthcare market in emerging economies, and increasing number of free trade agreements are likely to create significant growth opportunities for players operating in the antimicrobial coatings market for medical devices in the coming years.

However, factors such as limitations of silver coatings, presence of time and resource intensive processes for development and approval of antimicrobial coating products, and unfavorable healthcare reforms in the U.S. are hindering the growth of this market.

5 Market Overview (Page No. - 39) 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Rising Awareness About Hospital-Acquired Infections 5.2.1.2 Favorable Research and Funding Environment 5.2.1.2.1 Grants By Australian Government to the University of New South Wales 5.2.1.2.2 Funding By the European Union for Projects on Antimicrobial Resistance Fp5-Fp7 5.2.1.2.3 Funding By Innovate Uk for Accentus Medicals Antimicrobial Project 5.2.1.2.4 Grant By the European Commission to the Institute of Biomaterial 5.2.1.2.5 Funding By the European Union for the Nomorfilm Consortium 5.2.1.2.6 Grants By Small Business Innovation Research (SBIR) for Isurtecs Antimicrobial Technologies 5.2.1.3 Technological Advancements in Antimicrobial Coatings 5.2.1.3.1 Parylene Technology By Specialty Coating Systems 5.2.1.3.2 Nanocomposite Coating Technology By the University of Dundee (U.K.) 5.2.1.3.3 Novel Coating Technology By the University of South Australia 5.2.1.4 Growing Implantable Devices Market 5.2.1.5 Increasing Research and Development Activities for Antimicrobial Coated Cardiovascular Devices 5.2.1.6 High Growth in Geriatric Population 5.2.1.7 Increasing Burden of Cardiovascular Diseases Across the Globe 5.2.2 Restraints 5.2.2.1 Limitations of Silver Ion Coatings 5.2.2.2 Presence of Time- and Resource-Intensive Processes for Development and Approval of Antimicrobial Coating Products 5.2.2.3 Unfavorable Healthcare Reforms in the U.S. 5.2.3 Opportunities 5.2.3.1 Growing Healthcare Market in Emerging Economies 5.2.3.2 Increasing Number of Free Trade Agreements 5.2.4 Burning Issues 5.2.4.1 Lack of FDA Guidelines and Regulations for Antimicrobial Coating Techniques

Antimicrobial coatings are used in medical devices in order to destroy or inhibit the growth of microorganisms. The market for antimicrobial coatings for medical devices covers the type of materials used for coating, and the types of devices on with the antimicrobial coatings are embedded. The medical devices include catheters, implantable devices, surgical instruments, mandrels & molds, and elastomeric seals, among others.

The global antimicrobial coatings for medical devices market is segmented on the basis of types of materials, device types, and regions. Based on type of materials, the market is segmented into : Metallic Coatings and Non-Metallic Coatings. Metallic Coatings is further segmented into Silver Coatings, Copper Coatings, and Other Metallic Coatings (Zinc and Titanium coatings). Non-Metallic Coatings is categorized into Polymeric Coatings, and Organic Coatings. The Silver coatings segment is expected to have the largest share of the global metallic antimicrobial coatings for medical devices market in 2015.Whereas, the polymeric coatings segment is expected to have the largest share of the global non-metallic antimicrobial medical devices coatings market in 2015.

The key factors that are expected to spur the growth of this market are as rising awareness about hospital-acquired infections, favorable research and funding environment, technological advancements in antimicrobial coatings, growing implantable devices market, increasing research and development activities for antimicrobial coated cardiovascular devices, high growth in geriatric population, and increasing burden of cardiovascular diseases across the globe. Moreover, factors such as growing healthcare market in emerging economies, and increasing number of free trade agreements are likely to create significant growth opportunities for players operating in the antimicrobial for medical devices coatings market in the coming years. However, lack of FDA guidelines and regulations for antimicrobial coating techniques is likely to pose as a deterrent for the growth of this market.

On the basis of regions, this market is classified into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

The global antimicrobial coatings for medical devices market is expected to grow at a CAGR of 14.2% from 2015 to 2020 to reach USD 1.17 Billion by 2020 from USD 0.61 Billion in 2015. The market is dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the fastest rate during the forecast period.

Client Consult Problem Statement :

MnMs client was interested in knowing the approved and ongoing (clinical phase) magnesium based implantable biomaterials (stent, staple, screw, and plate) in regions such as U.S., Europe, China, South Korea, and Japan.

Solution Provided:

Methodology Adopted by MnM: MnM carried out this study through a combination of extensive sec....

Methodology Adopted by MnM: MnM carried out this study through a combination of extensive secondary by primary discussions with Key Opinion Leaders (manufacturers) across the value chain within target geographies. By conducting detailed and informative primary discussions within these manufactures across various functions, MnM analyzed various companies who are manufacturing magnesium based stents, staples, screws, & plates and categorized their products into approved, ongoing (clinical stage) and development (R&D) stage. In total, MnM conducted 20 primary discussions with key manufactures of magnesium based products.

Actual Solution Provided:Through this granular study, MnM analyzed the magnesium based products (stent, staple, screw, and plate) in the focused geographies. Moreover, MnM categories these products as approved and ongoing (in clinical phase). MnM also provides additional information on the products which are research and development phase.

Value Delivered:

MnMs client was able to identify & categories the magnesium based products. This study assisted client to get information on companies that are manufacturing magnesium based implants in regions such as U.S., Europe, China, South Korea, and Japan.

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